WHEATON—The Federal Housing Administration (FHA) has established a refinance program for primary residence homeowners having difficulty paying their mortgages.
Called HOPE for Homeowners, the program went into effect on Oct. 1. Bob Palmer, executive director of Housing Matters, said “borrowers must demonstrate their long-term ability to repay the mortgage” and meet several other requirements. For more information, visit the FHA Web site at: http://www.fha.gov